The year 2020 balance sheet for the Tomassini Corporation is shown below.

Tomassini Corporation

Balance Sheet

December 31, 2020

Assets: ($ in 000s)

Cash.................................................................... $ 150

Accounts receivable................................................ 400

Inventories................................................................ 500

Property, plant, and equipment (net)........... 1,200

Total assets.................................................... $2,250

Liabilities and Shareholders Equity:

Current liabilities................................................. $ 600

Long-term liabilities....................................... 500

Paid-in capital..................................................... 1,000

Retained earnings.............................................. 150

Total liabilities and shareholders' equity $2,250

The company's 2020 income statement reported the following amounts ($ in thousands):

Net sales $6,600

Interest expense 30

Income tax expense 200

Net income 260

Required:

Determine the following ratios for 2020:

a. current ratio

b. acid-test ratio

c. debt to equity ratio

d. times interest earned ratio